SiteOne Landscape Supply, Inc. (NYSE:SITE – Get Free Report) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $125.23 and traded as low as $101.91. SiteOne Landscape Supply shares last traded at $105.24, with a volume of 1,129,963 shares trading hands.
Analyst Upgrades and Downgrades
Several research analysts recently commented on SITE shares. Deutsche Bank Aktiengesellschaft raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research note on Thursday, April 30th. Zacks Research raised SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Robert W. Baird set a $160.00 target price on SiteOne Landscape Supply in a research note on Thursday, April 30th. Truist Financial raised their target price on SiteOne Landscape Supply from $165.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Finally, Royal Bank Of Canada raised their target price on SiteOne Landscape Supply from $151.00 to $171.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, SiteOne Landscape Supply presently has a consensus rating of “Hold” and a consensus target price of $160.10.
Read Our Latest Research Report on SITE
SiteOne Landscape Supply Stock Up 2.5%
SiteOne Landscape Supply (NYSE:SITE – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.27). The business had revenue of $940.10 million for the quarter, compared to analysts’ expectations of $982.27 million. SiteOne Landscape Supply had a return on equity of 9.22% and a net margin of 3.24%.The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.61) earnings per share. On average, equities analysts expect that SiteOne Landscape Supply, Inc. will post 4.18 EPS for the current year.
Insider Buying and Selling at SiteOne Landscape Supply
In other news, Director Fred M. Diaz sold 563 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $115.13, for a total transaction of $64,818.19. Following the completion of the transaction, the director directly owned 11,829 shares in the company, valued at approximately $1,361,872.77. This represents a 4.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.10% of the company’s stock.
Hedge Funds Weigh In On SiteOne Landscape Supply
A number of hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC grew its holdings in shares of SiteOne Landscape Supply by 539.1% during the 1st quarter. NewEdge Advisors LLC now owns 2,550 shares of the industrial products company’s stock worth $339,000 after purchasing an additional 2,151 shares during the period. Glenmede Trust Co. NA grew its holdings in shares of SiteOne Landscape Supply by 13.4% during the 1st quarter. Glenmede Trust Co. NA now owns 4,998 shares of the industrial products company’s stock worth $665,000 after purchasing an additional 592 shares during the period. Argent Capital Management LLC purchased a new position in shares of SiteOne Landscape Supply during the 1st quarter worth $31,917,000. Essential Partners LLC grew its holdings in shares of SiteOne Landscape Supply by 20.8% during the 1st quarter. Essential Partners LLC now owns 1,644 shares of the industrial products company’s stock worth $219,000 after purchasing an additional 283 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in shares of SiteOne Landscape Supply by 3.6% during the 1st quarter. Janus Henderson Group PLC now owns 410,854 shares of the industrial products company’s stock worth $54,685,000 after purchasing an additional 14,414 shares during the period.
SiteOne Landscape Supply Company Profile
SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.
In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.
Read More
- Five stocks we like better than SiteOne Landscape Supply
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
- NVIDIA’s New Power Play: Why Fluence Is Surging
Receive News & Ratings for SiteOne Landscape Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SiteOne Landscape Supply and related companies with MarketBeat.com's FREE daily email newsletter.
